High Interest Bill Headed to Nevada Senate

By: Associated Press
By: Associated Press

CARSON CITY, Nev. (AP) - A bill targeting high-interest "payday loan" businesses faced some resistance but managed to win approval
on a four-to-one vote in a key Nevada Senate committee on Friday.

The Senate Commerce and Labor committee endorsed the plan, with Senator Warren Hardy casting the lone opposing vote. Other panel members expressed reservations about the bill, but voted to send it to the full Senate.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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